Bankruptcy

Knoll, Inc. will consolidate its manufacturing footprint in North America, resulting in the closure of the company’s Grand Rapids, Michigan manufacturing facility. The closure is part of an initiative to optimize the company’s North American manufacturing operations. Approximately 180 hourly and 30 salaried positions ...

Feldmuehle GmbH has successfully completed the self-administration insolvency proceedings that began at the end of 2018. After the unanimous approval of all creditors on December 16, 2019 to the insolvency plan submitted by the management, the competent court in Pinneberg suspended the insolvency proceedings on January...

Katerra will close its Phoenix manufacturing facility in Arizona at the end of the year. Opened in 2017, Katerra’s 250,000 square-foot Phoenix factory was its first building components manufacturing facility.

Valmet will proceed with plans for a phased closure of foundry, machine shop and assembly operations at its production center in Hudson Falls, New York, USA. The first phased closure will begin in March 2020 and continue until final customer orders are fulfilled in summer 2020.

Following a thorough examination of all contributing factors including log costs, market conditions, and cumulative policy burden, Tolko will permanently close its Kelowna division on January 8, 2020.

Homag Group’s Supervisory Board approved shutting down production at its Hemmoor site, Germany, effective December 31, 2020. Homag has a workforce of around 200 employees at Hemmoor, around 150 jobs are to be reduced there.

Stora Enso will consolidate its spruce timber production at its mill in Varkaus, Finland. The target is to improve long-term competitiveness, the consolidation is part of the company’s profit protection programme. As a result of this consolidation, the Kitee sawmill will be shut down.